RE:RE:RE:RE:Fund Strategy42% correction. Ok, so you are looking for a major market wipeout. Not impossible but lots of pants are going to have get stripped off to get there. If he wins, would be under Trump's reign too. As a contraian, I see that it as even more possible.
EdPaquette wrote: Yes I want back in. If you look at the S&P500 10 year chart Elliot wave 1 is from 2016 to 2020. Wave 2 was covid crash. Wave 3 20 to 22. Wave 4 all though 22. Wave 5 23 and 24. That's it. Now waves A, B and C will take us to the peak of wave 1. About 3300 and that should take a year or more.
flamingogold wrote: Ed, agree the splits are not for the faint of heart. What level of "crash" are you predicting before buying back in? Since you said you are "hoping for a crash", I'm assuming you will be buying in again.
A 10% market correction is due. A 20% correction is possible. But a crash? Are you expecting a black swan type event like 2008 and/or covid? These are impossible to predict/time.
Either way, it sounds like a lot of sideline money is waiting for a crash to buy the dips. We would need a catatrophic event with the VIX pushing 60+ to keep money away. Those situations are not easy buy-ins.
EdPaquette wrote: Primo105 I have been in theses splits for a few downturns. Don't worry about what quadravest does, you can only control what you do . If the market drops like a stone, the splits drop like a leveraged stone. Everything is priced for perfection now, but the reality is stark. You have a chance of gaining 1% or losing 50%. I'm in preferred shares, actually hoping for a crash. I think it's coming within 3 months.
primo105 wrote: Can anyone comment on the strategy the fund has used in the past when there has been a market correction? Specifically, does the fund continue to sell covered calls on its holdings if they are down 20% plus? Or are they more strategic and hold onto positions until the price recovers even though it would result in less income in the short term?